The Editorial Team

Ghana Market Watch | May 14th 2015: Ghana market closed neutral today…

Accra, Ghana (Capital Markets in Africa):- Ghana Stock exchange close neutral today, with the benchmark Composite index and financial index remained steady to close trading at 2,301.02 points and 2,333.81 points respectively. Likewise, the market capitalization remained unchanged at GHS 63,606 million. Market activity was very low with total volume of 1,500 shares and total turnover of GHS 3,736.00 (lower than previous trading turnover by c.99.97 percent) exchanged in two shares. The two shares traded today were HFC Bank Limited Ghana…

Positive Outlook for Hospitality industry in South Africa, Nigeria, Mauritius and Kenya

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Johannesburg, South Africa (Capital Markets in Africa):- South Africa’s hospitality industry is prepared to grow further in the next five years, with most growth in the sector expected to be generated in Cape Town, according to a report released by PwC today. Nikki Forster, Hospitality Industry Leader for PwC, Southern Africa, says: “Although South Africa’s economy has weakened, the hotel industry in 2014 has benefited from an increase in foreign visitors and rising room rates.” PwC’s…

World Bank Commends DRC’s Efforts to Stabilize Macroeconomic Environment

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Kinshasa, DRC (Capital Markets in Africa):– World Bank Group Managing Director Dr. Sri Mulyani Indrawati on Tuesday concluded her visit to the Democratic Republic of Congo (DRC), where she met with President Joseph Kabila Kabange, Prime Minister Matata Ponyo and key members of the Congolese Government to discuss long-term development prospects for the region, and to review progress made as part of the Great Lakes Regional Initiative. During meetings held May 10-12, Dr. Indrawati commended…

Mobius: Africa Offers Best Emerging Opportunities

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London (Capital Markets in Africa):- Emerging market guru Mark Mobius tells investors not to be put off by negative headlines – there are plenty of viable growth opportunities in the African stock markets. Emma Wall: Hello and welcome to the Morningstar Investment Conference. I’m Emma Wall and I’m joined today by Dr. Mark Mobius of Franklin Templeton to talk about the opportunities in emerging markets. Hello Mark. Mark Mobius: Hi, how are you? Wall: So…

Ghana Market Watch | May 13th 2015: Ghana indices extended their positive run today

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Accra, Ghana (Capital Markets in Africa):- Ghana Stock exchange indices extended their positive run today on the back of gains in seven equities. The benchmark Composite index rose by 19.88 points (0.87%) to close trading at 2,301.02 points; this brings its year-to-date performance to 1.77%. Likewise, the financial index added 7.05 points (0.30%) to close at 2,333.81 points (4.02% year-to-date performance). The market capitalization was recorded at GHS 63,715 million. A market activity measured by volume was recorded at 7.6 million shares…

AfDB approves US$50mn investment in CEC Africa Investments

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Lagos, Nigeria (Capital Markets in Africa):- The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 29, 2015, a USD 50 million investment in CEC Africa Investments Limited, a multinational power company headquartered in Nigeria and Zambia. CEC Africa (CECA) seeks to acquire and develop distribution and transmission assets and complementary greenfield generation projects throughout Sub-Saharan Africa. By investing across the energy value chain (generation, transmission, and distribution), CECA aims to…

Egypt’s GDP expected at 3 pct in second half of fiscal year says Ashraf al-Arabi

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CAIRO (Reuters) – Egypt’s planning minister said on Wednesday the country’s average economic growth was expected to be 3 percent in the second half of the 2014/2015 fiscal year, compared with 5.6 percent in the first half of the year. Ashraf al-Arabi told reporters at a news conference that average economic growth for the current fiscal year would be 4 percent, or slightly above 4 percent.

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